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Why Do Some Nations Prosper? The Case of North and South Korea

Economists have debated for years why it is that some nations prosper while others do not. The Democratic People’s Republic of Korea (North Korea, DPRK) and the Republic of Korea (South Korea, ROK), for example, started out as poor nations after World War II. Now, South Korea has the same wealth as Western European nations, on average, yet North Korea firmly remains at the bottom of the world’s development ladder. This webinar will explore and explain why institutions matter and are fundamental to economic success.

Presenter: Tawni Hunt Ferrarini, Plaster Professor of Economic Education, Lindenwood University